While on holiday, you want to make sure that you and your families are covered for when the unexpected happens. Vacations are supposed to be fun, and you donít want to spend any more time worrying about something going wrong than is absolutely necessary. We all know about the benefits of health insurance, especially for travelling, but there are other useful types of insurance that you can take out for your next holiday, like travel insurance.

If Iím traveling abroad and my wallet gets stolen, am I covered?

Yes! There are several types of lost or stolen cash insurance policies that you can add to your travel plans. There are also several types of credit card and traveler's checks insurance that will keep your holiday on track, even if your whole wallet decides to take a holiday of its own. The average coverage for lost cash is up to $300 and $10,000 for credit cards and travelerís cheques.

Hey, I travel frequently for business, is there something for me too?

Absolutely! Even the most jaded and road weary business traveler is covered by travelerís insurance, with many plans tailored directly to frequent and multi-trip travelers. Many insurers offer an annual or seasonal package that will give you the same great coverage across any number of trips.

If I want to do extreme sports like skiing and surfing, is there coverage for me?

Yes, but not every company covers every extreme sport. Youíll have to shop around for different health and travel insurance providers in order to find the coverage that suits your travel and adventure needs.

Help, my luggage and souvenirs got stolen while on holiday!

Not to worry, you are covered! It is easy to be having fun on your trip only to notice that you may have left your luggage in your taxi or that the airport put your belongings on a different plane. You and your family can be covered for up to $10,000 in lost items in most cases.

What if I have to cancel my holiday unexpectedly, can I be refunded for expenses?

Yes, even if you canít go on your holiday, you are still covered. If you have to cancel due to reasons beyond your control like sickness, worker strikes, injury, or any other reason, then you can be covered for your deposit fees and prepaid travel expenses.

Final thoughts to consider

There are many reasons to actually take a break from your everyday life and see the world around you, and just as many reasons to take out a little bit of extra insurance to make sure that you are covered from the unexpected. However, the most important thing is that you enjoy your adventures, wherever they may take you, and having adequate insurance will help you do that.

Kevin Murphy is a freelance writer and former insurance industry professional. He spends most of his time in his native Australia, and writes about health insurance for Frank Health Insurance.